Byju’s entered the offline tutoring space ‘Byju’s Tuition Center’ with an investment of $200 million.
Byju's, the most valuable edtech platform in the country, currently has over 115 million registered learners online. It now plans to invest $200 million in offline tutoring centers, which will be wholly owned and operated by the company.
EdTech Unicorn Byju’s has entered into the offline tutoring space through the launch of ‘Byju’s Tuition Center’ – a comprehensive program for students that blends offline and online learning experiences. Byju’s aims to enroll 10 lakh students for the program over the next two years.
Currently Byju’s has over 115 million registered learners online. It now plans to invest $200 million in offline tutoring centers, which will be wholly owned and operated by the company.
The platform had earlier launched 80 offline centers under a pilot program and plans to open at least 500 new centers in 200 cities this year alone. Available to students in classes 4-10, Byju’s Tuition Center will provide technology-enabled physical learning centers with a focus on engagement and improved outcomes through a two-teacher model.
In a statement, the start-up said, the offline tutoring centers will focus on standardizing teaching methodologies using technology that facilitates the expression of doubts, student engagement in the classroom, anytime doubt resolution support, regular test and practice sessions and frequent parenting – Enables the identification of teacher meetings.
This new offering will redefine the next stage of learning. Byju’s Tuition Centers meet the needs of a large segment of parents and students who want a physical element in addition to online learning support. These tech-enabled physical centers are designed to provide world class education and personalized learning to unlock the full potential of the student with a focus on engagement and improved outcomes.
Byju’s is one of the world’s most valuable edtech platforms, with a valuation of $21 million after a recent fundraising in December 2021. To date, it has raised more than $4.5 billion in financing in the form of equity and debt from leading investors such as DST Global, Tiger Global, Silver Lake, Sequoia Capital, Tencent, Naspers and others.
Recent reports indicate that Byju’s is currently in talks to go public in the US market through a special purpose acquisition company (SPAC) at a valuation of $45 billion.